Shanghai (Gasgoo)- Affected by the slower growth in domestic passenger vehicles’ output and sales, several Chinese automakers’ financial results in the first three quarters showed different degrees of decrease.
Great Wall Motors, Changan Auto and JAC had fallen sharply in the net profit attributable to the shareholders. The net profit attributable to the shareholders of Great Wall in the third quarter, the biggest SUV and pick-up manufacturer, dropped 79.9 percent year on year.
SAIC and GAC kept their growth momentum in both revenue and net profit. Thanks to the acquisition of Yongkang Zotye Auto, Zotye achieved substantial increase in net profit. FAW Car also managed to turn losses into gains.
As Geely hasn't released its financial results, this list doesn't include the automaker.
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